BIRMINGHAM, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for advancing financial close, consolidation, reporting, planning and forecasting, announced that its Annual Recurring Revenue (ARR) increased over 40% year-over-year, surpassing $350 million in the second quarter ending June 30, 2023.
During this period, OneStream grew its customers base to over 1,200 customers globally, up 23% year-over-year. Notable new customers signed in the second quarter include Access Group, AVID Property Group, Bio-Techne, EnfraGen, Kofile, Shoeller Holdings, Solo Brands, Turbo Tire, UTHealth Houston and Volaris.
OneStream hosted its Splash 2023 User Conference and Partner Summit in Washington, DC with over 3,000 attendees, up over 50% year-over-year. The conference served as a platform for the company to unveil its newest innovations – OneStream Artificial Intelligence (AI) services and the OneStream Solution Exchange, an online marketplace for a growing portfolio of functional- and industry-specific financial solution extensions built atop the OneStream Platform by a growing ecosystem of partners and the customer community.
“Agility continues to be a critical factor for enterprise success in 2023, especially as Artificial Intelligence and Machine Learning adoption accelerates. Organizations are increasingly recognizing the transformative potential of these technologies in improving the speed and accuracy of their demand planning and sales forecasting,” said Tom Shea, CEO at OneStream Software. “OneStream empowers Finance and Line of Business leaders to leverage AI and ML capabilities, enabling their teams to achieve efficiency and precision in their planning and reporting processes on a single, unified platform that delivers near real-time insights into operational and financial data to support confident decision-making. With the recent launch of the Solution Exchange, customers can further extend the value of their investments by leveraging more tailored functional and industry-specific solutions that address their most pressing business needs.”
OneStream added KPMG France to its partner network, now totaling over 230 partners globally. As part of the new OneStream Solution Exchange, the company announced the availability of several PartnerPlace solutions developed, maintained and supported by the OneStream partner community. The initial launch included solutions from five OneStream partners: AMCO, Black Diamond Advisory, Finit, Spaulding Ridge and Strategic IQ. The company also hosted the Power of the Platform and Partner Innovation awards at Splash. The 2023 Power of the Platform awards recognized PwC and Finit for having the broadest and most innovative platform deployments for customers over the past year across North America, Latin America and APAC. The 2023 Partner Innovation award recognized Strategic IQ as the OneStream partner that has showcased the full capabilities of the platform, including Solution Exchange solutions.
In June, OneStream was thrilled to add Tim Minahan as SVP and Chief Marketing Officer (CMO). Tim brings demonstrated success in creating new markets, driving SaaS and Cloud transformations, scaling digital platform businesses and leading high-performing teams at a range of leading brands, including Citrix, SAP Cloud, and Ariba.
“At OneStream, our mission revolves around delivering 100% customer success,” said Craig Colby, President at OneStream Software. “We are dedicated to partnering with our customers and providing them with a best-in-class CPM solution to drive financial success through financial and operational transparency. We are excited to welcome Tim Minahan as our new Chief Marketing Officer, as his passion for technology-driven transformation and building and scaling platform businesses aligns perfectly with our mission and will further enhance our ability to deliver value to our customers and propel their successes to new heights.”
OneStream received several industry recognitions as a leading provider of CPM solutions during the second quarter, including:
- Named “Best MLOps Solution” for Sensible ML in the 2023 Artificial Intelligence Breakthrough Awards
- Earned 47 top rankings and 41 leading positions in the BARC Planning Survey 23
- Recognized as a May 2023 Gartner® Peer Insights™ Customers’ Choice for Financial Planning Software
- Named a Market Leader with a perfect recommend score in the 2023 Wisdom of Crowds® EPM Market Study by Dresner Advisory Services
- Recognized as a Summer 2023 Leader for CPM Software by G2
OneStream will host its 2023 Splash EMEA User Conference & Partner Summit in Berlin from September 19 – 21 with in-person and virtual attendance options. For more information and to register, visit https://conferences.onestream.com/splash-berlin/.
OneStream will also host its WAVE Developer Conference in Orlando from October 2 – 4 for those who have an advanced knowledge and experience within the OneStream platform. Participants will have the opportunity to collaborate in one-on-one technical discussions, focus on innovation, and help OneStream cultivate the developer experience and collaborate on design techniques. For more information and to register, visit https://conferences.onestream.com/wave-orlando/.
About OneStream Software
OneStream provides an intelligent finance platform built to enable confident decision-making and maximize business impact. OneStream unleashes organizational value by unifying data management, financial close and consolidation, planning, reporting, analytics and machine learning. We empower Finance and Operations teams with AI-enabled insights to make faster and more intelligent decisions every single day. All in a single, modern CPM platform designed to continually evolve and scale with your organization.
OneStream is an independent software company backed by private equity investors KKR, Tidemark, and Partners Fund Capital. With over 1200 customers, more than 230 implementation partners and roughly 1300 employees our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.